Bank and Thrift Acquisitions Completed in January

+++

part 1 of 3

Buyer: Target:

RANK Name Name

1 NationsBank Corp.Charlotte, N.CBoatmen's Bancshares, Inc. ,Mo.

2 First Nationwide Bank, FSB. CalCal Fed Bancorp Inc., Calif.

3 Norwest Corp. Minn Central Bancorporation Inc, Tex.

4 UST Corp. Mass. Walden Bancorp, Inc., Mass.

5 Regions Financial Corp., Ala. Allied Bankshares, Inc., Ga.

6 Webster Financial Conn. DS Bancor, Inc., Conn.

7 Commerce Bancorp N.J. Independence Bancorp, Inc., N.J.

8 Washington Mutual, Wash. United Western Fin Group, Utah

9 Colonial BancGroup, Ala. Jefferson Bancorp, Inc., Fla.

10 FNB Corporation Pa. Southwest Banks, Inc., Fla.

11 Deposit Guaranty Corp. Miss. Jefferson Guaranty Bk, La.

12 City National Corp Calif. Ventura County Natl Bancorp, Calif.

13 United Community Bancshares MinPark Financial Corporation,

14 Compass Bancshares Ala. Enterprise NB-Jacksonville, Fla.

15 City National Corp. Calif Riverside NB, Calif.

16 Regions Financial Corp. Ala. Florida First Bancorp, Inc.,Fla.

17 Prime Bancorp, Inc. Pa. First Sterling Bancorp, Inc., Pa.

18 Grove Bank, Mass. Greater Boston Bank a Co-Op, Mass.

19 City Holding Company, W. Va. Old NB of Huntington, W. Va.

20 F&M Bancorporation Inc. Wis. East Troy Bancshares, Wis.

part 2 of 3

DC:Total

Buyer: Announcement Completion Price

RANK Name Date Date ($000)

1 NationsBank Corp.Charlott 08/30/1996 01/07/1997 9,760,000

2 First Nationwide Bank, FS 07/29/1996 01/03/1997 1,200,000

3 Norwest Corp. Minn 09/17/1996 01/29/1997 215,884

4 UST Corp. Mass. 08/30/1996 01/03/1997 200,630

5 Regions Financial Corp., 06/14/1996 01/31/1997 160,950

6 Webster Financial Conn. 10/08/1996 01/31/1997 136,600

7 Commerce Bancorp N.J. 10/14/1996 01/21/1997 89,913

8 Washington Mutual, Wash. 09/09/1996 01/15/1997 79,500

9 Colonial BancGroup, Ala. 09/12/1996 01/02/1997 75,653

10 FNB Corporation Pa. 02/05/1996 01/21/1997 68,446

11 Deposit Guaranty Corp. Mi 08/23/1996 01/06/1997 68,400

12 City National Corp Calif. 09/16/1996 01/17/1997 49,000

13 United Community Bancshar 08/26/1996 01/16/1997 46,888

14 Compass Bancshares Ala. 08/05/1996 01/15/1997 43,230

15 City National Corp. Calif 10/15/1996 01/24/1997 41,000

16 Regions Financial Corp. A 05/29/1996 01/25/1997 40,000

17 Prime Bancorp, Inc. Pa. 06/12/1996 01/02/1997 33,900

18 Grove Bank, Mass. 08/27/1996 01/02/1997 21,062

19 City Holding Company, W. 05/15/1996 01/28/1997 14,671

20 F&M Bancorporation Inc. W 08/20/1996 01/10/1997 13,530

$12,448,379

part 3 of 3

DC: DC:Price

Buyer: Price to to LTM Net

RANK Name Equity(x) Income(x)

1 NationsBank Corp.Charlott 2.72 20.27

2 First Nationwide Bank, FS 1.44 9.10

3 Norwest Corp. Minn 2.90 21.50

4 UST Corp. Mass. 2.06 13.27

5 Regions Financial Corp., 2.41 18.36

6 Webster Financial Conn. 1.62 15.26

7 Commerce Bancorp N.J. 3.20 24.4

8 Washington Mutual, Wash. 2.05 6.81

9 Colonial BancGroup, Ala. 2.01 N/M

10 FNB Corporation Pa. 2.21 23.34

11 Deposit Guaranty Corp. Mi 3.25 21.65

12 City National Corp Calif. 1.69 21.74

13 United Community Bancshar 1.98 16.50

14 Compass Bancshares Ala. 3.44 23.58

15 City National Corp. Calif 1.86 15.03

16 Regions Financial Corp. A 1.92 14.48

17 Prime Bancorp, Inc. Pa. 2.35 15.62

18 Grove Bank, Mass. 1.62 10.90

19 City Holding Company, W. 3.56 N/M

20 F&M Bancorporation Inc. W 1.70 18.53 ===

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER